Payday Loans in Amigo, West Virginia

All Credits Welcome!

If you have a bad credit score, then don’t worry – it’s not an issue for us!

TGL Loan Services

You can get your money fast after filling out the simple form on the "Get Started" page! Lenders cannot guarantee the approval, but they could approve your loans, even if you are unemployed, receiving government benefits.

Fast Money In Your Bank

You can get your money within hours after filling out the form! We work 24/7 for you!
  • This form is protected with secure 256-bit SSL encryption
  • By clicking “Get Started”, I consent and agree to the Privacy Policy and Terms of Use.

No payday loan companies in Amigo, WV. Consider companies in other cities:

Company nameAddressZip codePhone number
WVU Employees' Federal Credit Union 448 Harding Ave, Morgantown, WV 26505 +1 (304) 293 - 5737
Calhoun Banks - Glenville Office 904 N Lewis St, Glenville, WV 26351 +1 (304) 462 - 5051
Doolin Security Savings Bank 610 WV-2, New Martinsville, WV 26155 +1 (304) 455 - 1850
Gold Rush Morgantown - Cash for Gold, Diamonds, Gift Cards 9076 Mall Rd, Morgantown, WV 26501 +1 (304) 376 - 6548
BB&T - Keyser Main Branch U.S. 220 South & Eagles Lane, Keyser, WV 26726 +1 (304) 788 - 3111
Huntington Bank 414 WV-34, Hurricane, WV 25526 +1 (304) 757 - 0824
ATM 7ELEVEN, INC. 5677 Winchester Ave, Martinsburg, WV 25405 +1 (800) 627 - 3999
Poca Valley Bank 7033 Charleston Rd, Walton, WV 25286 +1 (304) 577 - 6611
Scott and Nypl, CPAs, A.C. 1303 Harrison Ave, Elkins, WV 26241 +1 (304) 636 - 7420
loanDepot 3772 Teays Valley Road 3, Hurricane, WV 25526 +1 (304) 200 - 7010

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Amigo, WV, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Charleston, WV, Payday Loans in Huntington, WV, 24-Hour Loan in Morgantown, WV and Payday Loan Companies in Parkersburg, WV. But also, you can apply for a loan online, not coming out of your home. Just fill out a simple application on our website and we will connect you with trusted direct lenders in Amigo, WV.

Are Payday Loans Legal In Amigo, West Virginia?

Payday Lending is Prohibited in West Virginia

West Virginia Loan Regulations

Legal StatusProhibited
Interest Rate (APR, %)Prohibited
Maximum Loan AmountProhibited
Minimum Loan TermProhibited
Maximum Loan TermProhibited
Number of Rollovers AllowedProhibited
Finance ChargesProhibited

Amigo, WV payday loan calculator

Payday Loans in Amigo, West Virginia: What You Need to Know

Payday loans provide a quick and convenient way to get access to cash when you need it. However, payday lending is prohibited in West Virginia, including Amigo. This means if you’re in Amigo and looking for a payday loan, you won’t be able to find a lender who can legally help you.

What Are Payday Loans?

A payday loan is a short-term loan that’s typically due on your next payday. These loans are designed to provide quick access to cash, with many lenders offering same-day or next-day funding. Payday loans are typically easy to obtain, as lenders often require minimal documentation and no credit check.

However, payday loans also come with high fees and interest rates. According to the Consumer Financial Protection Bureau (CFPB), the average payday loan borrower pays $15 in fees for every $100 borrowed, which equates to an annual percentage rate (APR) of nearly 400 percent.

Payday Loan Regulations in West Virginia

While payday loans are legal in many states, including some neighboring states to West Virginia, the state of West Virginia prohibits payday lending under the West Virginia Consumer Credit and Protection Act. The law caps interest rates on loans at 31 percent per year, effectively making payday lending illegal in the state.

In 2007, West Virginia passed the West Virginia Predatory Lending Act, which further strengthened regulations on payday lending. Under this law, lenders who violate West Virginia’s usury laws can face criminal charges and other penalties.

Alternatives to Payday Loans

If you’re in need of quick cash, there may be alternatives to payday loans that you can consider. These include:

  • Credit card cash advance: If you have a credit card, you may be able to get a cash advance from an ATM. Keep in mind, however, that this may come with high fees and interest rates.
  • Personal loan: Personal loans typically have lower interest rates than payday loans, and many lenders offer same-day or next-day funding.
  • Friends and family: Consider reaching out to friends or family members who may be willing to lend you money.
  • Government assistance: If you’re struggling financially, you may be eligible for government assistance programs like SNAP or TANF.

Interesting Facts and Statistics About Payday Loans in Amigo, West Virginia

  • Payday lending is illegal in West Virginia, including in Amigo.
  • West Virginia has one of the lowest median household incomes in the country, which can make it difficult for residents to make ends meet.
  • The West Virginia Attorney General’s office received over 1,100 complaints about payday lending between 2017 and 2020.
  • According to a 2019 report from the Center for Responsible Lending, payday and car title loans cost West Virginia residents over $130 million annually in fees.

Apply Now

While payday lending is illegal in West Virginia, you can still apply for other types of loans through TheGuaranteedLoans. As a loan connector service, we connect borrowers with potential lenders who may be able to help them get the funding they need. To get started, simply fill out our online application. Keep in mind that we are not a direct lender, and we do not make lending decisions.

At TheGuaranteedLoans, we believe in providing our readers with accurate and valuable information about personal finance topics like payday loans. While payday loans may seem like an easy solution to a financial problem, they can be costly and may end up trapping borrowers in a cycle of debt. By exploring alternative funding options, you can make a more informed decision about your financial future.

F.A.Q.

Can a payday loan company file a lawsuit against me in Amigo, West Virginia?

No, a payday loan company cannot file a lawsuit against you in Amigo, West Virginia because these loans are illegal in the state.

Are there any federal laws that apply to payday loans in Amigo, West Virginia?

Yes, there are federal laws that apply to payday loans in Amigo, West Virginia, including the Military Lending Act and the Truth in Lending Act. These laws provide protections for consumers and regulate the practices of payday lenders.

Look for Short-Term Loans in Other Cities: